In its third year, the PHL will comprise of seven teams in a single division rather than two levels of five teams each as in the earlier editions.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
The Taliban have stopped all imports and exports with India after entering Kabul and taking over the country on Sunday. Ajay Sahai, Director General (DG) of Federation of Indian Export Organisation (FIEO) told ANI that currently, the Taliban has stopped the movement of cargo through the transit routes of Pakistan, thereby stopping imports from the country.
Satisfy your food cravings with these unique stir-fried recipes.
The IAF has insisted it hit its targets. If that is indeed true, then the lack of obvious damage could mean it has used a different bomb -- possibly procured secretly from Israel.
Dangerous messaging punctuates every ounce of its storyline wherein dowry is normalised, the kidney is a small price to pay for it, observes Sukanya Verma.
Every aspect of Navratri is associated with delectable dishes that are relished across the country during these divine nine days -- from lip-smacking savouries to wholesome sweets.
Bollywood made its presence felt on the final day of the Delhi leg in the International Premier Tennis League with Aamir Khan, Deepika Padukone and Askhay Kumar playing an exhibition match alongside Roger Federer, Novak Djokovic and Sania Mirza.
The government has begun consultations on relaxing the eligibility criteria for allowing Indian carriers to fly abroad, Rajya Sabha was informed.
A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday. Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.
No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.
With the smell of Jamaican jerk chicken and Indian biryani wafting through stands, New Zealand beat Sri Lanka by 28 runs in the first official Twenty20 international between two Test playing nations in the United States.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
Some maturity needs to come to the rationalisation of the fares for the sector to succeed.
MSN India, with over 360 million users worldwide, said its new partners were Reliance IndiaMobile (RIM), Reliance GSM, Tata Teleservices, Spice Punjab and Spice Karnataka.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
The Indian cricket team's nightmarish tour of England showed no signs of getting better as the injury-hit side went down by seven wickets in a rain-curtailed second One-dayer in Southampton.
This simple dish of raw banana can be enjoyed with rasam and rice.
Budget carrier Go Airlines, which has rebranded itself as 'Go First', has filed preliminary papers for an initial share sale worth Rs 3,600 crore.
Universe Boss reveals his love for Indian cuisine via his quirky Instaposts.
The 'City of Joy' opened its heart to the cricket world as a dazzling Bollywood-style opening ceremony kicked-off the sixth edition of the Indian Premier League in Kolkata on Tuesday night, American rapper Pitbull and superstar Shah Rukh Khan stealing the limelight.
Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.
A free and open aviation market, where the government keeps the interest of consumers higher than saving any airline.
Padma Lakshmi cooked Tamarind Rice. What would be your choice?
Genslin Vinodh shares some special recipes from her hometown.
Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
Reduction in fuel price was supposed to bring back good luck for Indian airlines. But with the global spread of coronavirus, airlines are being forced to rejig their network, cut flights, and delay launches.
Karisma Kapoor launched Satya Paul's latest Spice Bloom summer collection in Mumbai.
Former Australian pacer Brett Lee has highlighted the different styles of the captaincy of Virat Kohli and Kane Williamson ahead of the ICC World Test Championship final later this month.
India vice-captain Virat Kohli's temperament was once again tested after the batsman was hit by a Mitchell Johnson return throw which resulted in the two players getting into a verbal duel.
Presenting the best food pics shared by our readers this week. You can share yours too! Simply click on this link #RediffFoodies.
Two South Indian recipes to be served with rice.
>Gadgets that make kitchen work easier and faster have gained momentum in the lockdown.
The scrip is moving northwards since last one month, as Deccan Aviation was considering proposals to infuse additional capital by way of private equity or stake sale.
India's cargo trains run at 19-30 km an hour, they run at 120 km in China - and the difference is only growing.
Aiming at attracting Indian travellers to major global and domestic destinations, foreign and Indian carriers are vying with each other by offering discounted tickets.
The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline.
Australia great Adam Gilchrist is not only a fan of Virat Kohli's batting but also his captaincy and he sees the star player taking the Indian team forward in all three formats for a long time. Gilchrist feels Kohli has added spice to the long-standing India-Australia rivalry, both with the willow as well as his leadership in Tests. "Virat is so impressive. He has learnt leadership in front of our eyes. When he is in charge (in Tests), he is very keen to fight fire with fire. I feel he is inspiring a nation and the team to go forward," Gilchrist, who is now Australia's Education Ambassador to India, told PTI. Though he lavished praise on Kohli and backed him to lead India in all three formats at some point, Gilchrist said one should never forget the contribution of Mahendra Singh Dhoni to Indian cricket.
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
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